First, we’re looking at our signals for today’s MNQ (Micro E-mini Nasdaq-100 Index Futures) chart. Yes, many short signals, and this is a good thing. Because price is below the Atlas Line, all short signals are automatically confirmed by the Atlas Line. This means your Blueprint or Trade Scalper signal has the “blessing” from the Atlas Line on the direction. Of course, you should still be trading with reasonable profit targets and stop losses using the ATR (Average True Range).
You’ll notice the E-mini S&P 500 also has many short signals. These two markets are often similar. A 1-minute chart was used in both instances. Same thing with multiple, confirmed short opportunities.
Ever miss a good signal? It happens to everyone. It’s easy to be distracted by something else, then you go back to your chart, and realize you missed a good trade. We recommend applying the signal sounds to get your attention. Don’t go chasing the market as the move may well be over.
If it happens to you, the next great signal may be right around the corner. That’s what happened here. The Atlas Line produced short Pullback signals. John Paul placed a trade. This was worth about +2.5 points. How did he arrive at that profit target? By using the ATR (Average True Range).
So, what’s the quickest and most affordable way to get all these systems in one package? Our fully comprehensive 8-Week Mentorship Program, that’s how! We are starting a new class Jan. 10. That’s very soon. We will set you up before the class begins. Click here for the Mentorship page.
The ATR can help keep profit goals and stop loss values “reasonable” in the sense they do not exceed recent values of the last X number of bars. We use a period value of 4, so that means the last four bars are used to calculate the ATR value. By default, the value is 14. That’s too big a picture to be valid for the current moment, we feel.
